I hope these reports help you guys, if they do, please hit that like :)
I think the crypto market is desperate to get out of this descending channel. The fight is real, and you can tell that bears are getting aggressive at specific price levels, that they find as key levels they think they can punish bulls at.
Can't blame the bears, you can blame governments, central banking, central tech mega corps. The people don;t want centralization of power, so now they are fighting crypto on every side possible. However, we all know, eventually, truth and reality wins.
Hopefully, in 2020, crypto investors will be a lot wiser, and more prone to solid price investing rather than trying to be lambo owners in 3 months!
Watch for these fib prices and trade accordingly. So far fib prices held the price in place for the bear drops and price action, more so than even trend lines, as we saw in December'19.
____________Reflection ON DEC'19 action As you can see from DEC'19, we did not have enough momentum to push to the upper channel. Instead, we just hit local channel, as we see in Jan'20 . After the failed, rally, you can see that we dropped, right into the expected FIB price point, with strong price movement.
This tells me, i some big players are defending 6.5k mark on BTC market, or Bears are covering in troves. Either way, it looks like we are still in the micro channel. Watch the breakout, it could be epic!! ____________
Good Luck Everyone! Happy New Year, lets make Crypto Great AGAIN!!
**LEGENDS**
BLUE = Bear/Resistance Yellow = Bull/ Support
Vertical Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
Feel free to request: your coin to be analyzed! Please keep those Stop losses in place!
Thank you, Please, follow, help me get to a 1000 followers :)
Your killing me with that scarf I think it's a cool ass smoking jacket everytime
Ajion
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@charvey63, ha, well it could be, if you blink fast enough ;)
ThumbSkin
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You've come a long ways since your BCN charts
Ajion
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@ThumbSkin, thank you. I have learned a lot from those days, and continue to do my best learn more. Rely on Ta, but price action is still god., If you know what I mean, heh